This also coincide with 61.8% retracement.
Thursday, July 31, 2008
Wednesday, July 30, 2008
5:46 pm - Jim Rogers is recommending to buy into airline stock since oil prices has come down a lot !
Look at Air Asia with an 18 L/C . Is this an opportunity ?
9:14 am - EPF buys into AMMB ! Interesting fact !
You can buy it now before 10 am and put your stop @ rm 2.90
9:09 am - Esso is a prime target for acquisition from Petronas Dagangan ???
Remember, buy on rumour and sell on fact ! Esso is moving up now on low volume.
Tuesday, July 29, 2008
12:19 pm - Hai - O is flat at this moment !
Watch out for this counter. It can go down or up from here !
9:41 am - KLCI dropped -8.6 point due to DJIA
Regional market is down !
Interesting news from CIMB Research.
Monday, July 28, 2008
10:52 am - It is buying time today for KLCI !
Here is a 5 l/C for Resorts again .
Put your stop below rm 2.50
10:26 am - Market Outlook from Bill Wermine.
Dear Traders,
This Saturday, I attended a market outlook by Lee Cheng Hooi who is now Technical research director at Maybank Aseam Bankers. He showed a wide section of quality shares which are showing the double hump camel pattern.
The double hump shows that selling pressure is drying up. It can seen in the MACD oscillator and confirmed by price and volume.
Daily chart of Maybank
This Saturday, I attended a market outlook by Lee Cheng Hooi who is now Technical research director at Maybank Aseam Bankers. He showed a wide section of quality shares which are showing the double hump camel pattern.
The double hump shows that selling pressure is drying up. It can seen in the MACD oscillator and confirmed by price and volume.
Daily chart of Maybank
A major insider buying signal occured on 5 June 2008 as EPF, PNB and overseas funds had been buying under the cover of bad news. extreme fear, pessimism and gloom over the last month. The Edge newspaper lists insider buying and selling and is a valuable insight into the psychology of professionals who buy under the cover
of fear and panic.
On 4 July price hit the low of 6.80 on a test of support. This test was to draw out more selling. It failed as price rose to as high as 7.60. Although price fell to 6.80 , the MACD diverged and formed a higher high. This is the double hump camel pattern.
If only one share has this pattern, I would ignore it but if a wide cross section of shares has this pattern it could mean a support is building and could launch a pre budget rally up to at least 1280. Lee showed many quality shares that now exhibit this pattern.
I will use this opportunity of a pre budget rally to off load some shares I am holding in my managed accounts. Based on my technical research, inflation trends and Hang Seng probabilty favors a continueing world bear market. The Hang Seng is an excellent proxy for world stock makets as it a bridge between China, the US, Europe and Asian countries. China is taking over as the engine of world growth,
For this reason, I am changing my managed account focus from investment holding and dividend capture to a trading approach.
Man Eclipse Fund closing date has been extended by 1 week. 8 August is the last date to subscribe to this fund. I will be in my office most of next week should you wish to add to your investment or open an account. Once the fund closes, you may have to wait a few months for the next launch.
Have a good week
Bill
of fear and panic.
On 4 July price hit the low of 6.80 on a test of support. This test was to draw out more selling. It failed as price rose to as high as 7.60. Although price fell to 6.80 , the MACD diverged and formed a higher high. This is the double hump camel pattern.
If only one share has this pattern, I would ignore it but if a wide cross section of shares has this pattern it could mean a support is building and could launch a pre budget rally up to at least 1280. Lee showed many quality shares that now exhibit this pattern.
I will use this opportunity of a pre budget rally to off load some shares I am holding in my managed accounts. Based on my technical research, inflation trends and Hang Seng probabilty favors a continueing world bear market. The Hang Seng is an excellent proxy for world stock makets as it a bridge between China, the US, Europe and Asian countries. China is taking over as the engine of world growth,
For this reason, I am changing my managed account focus from investment holding and dividend capture to a trading approach.
Man Eclipse Fund closing date has been extended by 1 week. 8 August is the last date to subscribe to this fund. I will be in my office most of next week should you wish to add to your investment or open an account. Once the fund closes, you may have to wait a few months for the next launch.
Have a good week
Bill
Sunday, July 27, 2008
11:50 am - Chart of the Week - UMW
UMW has formed a double bottom. Buy on Monday and put stop at rm 5.40.
Friday, July 25, 2008
Thursday, July 24, 2008
5:13 pm - KLCI is looking to put a good fight against seller today !
It closed higher too at +2.18 pts.11:44 am - THis is what happening to our favourite counters - Hit resistance
Here is a chart of Genting hitting quadraple tops.
11:24 am - Does trading has to do with LUCK ?
Why Some People Have All The Luck
by Professor Richard Wiseman, University of Hertfordshire
Why do some people get all the luck while others never get the breaks they deserve?A psychologist says he has discovered the answer.Ten years ago, I set out to examine luck. I wanted to know why some people are always in the right place at the right time, while others consistently experience ill fortune.
I placed advertisements in national newspapers asking for people who felt consistently lucky or unlucky to contact me.Hundreds of extraordinary men and women volunteered for my research and over the years, I have interviewed them, monitored their lives and had them take part in experiments.
The results reveal that although these people have almost no insight into the causes of their luck, their thoughts and behaviour are responsible for much of their good and bad fortune. Take the case of seemingly chance opportunities. Lucky people consistently encounter such opportunities, whereas unlucky people do not.I carried out a simple experiment to discover whether this was due to differences in their ability to spot such opportunities. I gave both lucky and unlucky people a newspaper, and asked them to look through it and tell me how many photographs were inside.
I had secretly placed a large message halfway through the newspaper saying: "Tell the experimenter you have seen this and win $50."This message took up half of the page and was written in type that was more than two inches high. It was staring everyone straight in the face, but the unlucky people tended to miss it and the lucky people tended to spot it.Unlucky people are generally more tense than lucky people, and this anxiety disrupts their ability to notice the unexpected.As a result, they miss opportunities because they are too focused on looking for something else. They go to parties' intent on finding their perfect partner and so miss opportunities to make good friends. They look through newspapers determined to find certain types of job advertisements and miss other types of jobs.Lucky people are more relaxed and open, and therefore see what is there rather than just what they are looking for.
My research eventually revealed that lucky people generate good fortune via four principles. They are skilled at creating and noticing chance opportunities, make lucky decisions by listening to their intuition, create self-fulfilling prophesies via positive expectations, and adopt a resilient attitude that transforms bad luck into good.Towards the end of the work, I wondered whether these principles could be used to create good luck. I asked a group of volunteers to spend a month carrying out exercises designed to help them think and behave like a lucky person.Dramatic results! These exercises helped them spot chance opportunities, listen to their intuition, expect to be lucky, and be more resilient to bad luck.
One month later, the volunteers returned and described what had happened.
The results were dramatic: 80% of people were now happier, more satisfied with their lives and, perhaps most important of all, luckier.The lucky people had become even luckier and the unlucky had become lucky.Finally, I had found the elusive "luck factor".Here are Professor
Wiseman's four top tips for becoming lucky:
1) Listen to your gut instincts - they are normally right
2) Be open to new experiences and breaking your normal routine
3) Spend a few moments each day remembering things that went well
4) Visualize yourself being lucky before an important meeting or telephone call.
Have a Lucky day and work for it.
The happiest people in the world are not those who have no problems, but those who learn to live with things that are less than perfect.
by Professor Richard Wiseman, University of Hertfordshire
Why do some people get all the luck while others never get the breaks they deserve?A psychologist says he has discovered the answer.Ten years ago, I set out to examine luck. I wanted to know why some people are always in the right place at the right time, while others consistently experience ill fortune.
I placed advertisements in national newspapers asking for people who felt consistently lucky or unlucky to contact me.Hundreds of extraordinary men and women volunteered for my research and over the years, I have interviewed them, monitored their lives and had them take part in experiments.
The results reveal that although these people have almost no insight into the causes of their luck, their thoughts and behaviour are responsible for much of their good and bad fortune. Take the case of seemingly chance opportunities. Lucky people consistently encounter such opportunities, whereas unlucky people do not.I carried out a simple experiment to discover whether this was due to differences in their ability to spot such opportunities. I gave both lucky and unlucky people a newspaper, and asked them to look through it and tell me how many photographs were inside.
I had secretly placed a large message halfway through the newspaper saying: "Tell the experimenter you have seen this and win $50."This message took up half of the page and was written in type that was more than two inches high. It was staring everyone straight in the face, but the unlucky people tended to miss it and the lucky people tended to spot it.Unlucky people are generally more tense than lucky people, and this anxiety disrupts their ability to notice the unexpected.As a result, they miss opportunities because they are too focused on looking for something else. They go to parties' intent on finding their perfect partner and so miss opportunities to make good friends. They look through newspapers determined to find certain types of job advertisements and miss other types of jobs.Lucky people are more relaxed and open, and therefore see what is there rather than just what they are looking for.
My research eventually revealed that lucky people generate good fortune via four principles. They are skilled at creating and noticing chance opportunities, make lucky decisions by listening to their intuition, create self-fulfilling prophesies via positive expectations, and adopt a resilient attitude that transforms bad luck into good.Towards the end of the work, I wondered whether these principles could be used to create good luck. I asked a group of volunteers to spend a month carrying out exercises designed to help them think and behave like a lucky person.Dramatic results! These exercises helped them spot chance opportunities, listen to their intuition, expect to be lucky, and be more resilient to bad luck.
One month later, the volunteers returned and described what had happened.
The results were dramatic: 80% of people were now happier, more satisfied with their lives and, perhaps most important of all, luckier.The lucky people had become even luckier and the unlucky had become lucky.Finally, I had found the elusive "luck factor".Here are Professor
Wiseman's four top tips for becoming lucky:
1) Listen to your gut instincts - they are normally right
2) Be open to new experiences and breaking your normal routine
3) Spend a few moments each day remembering things that went well
4) Visualize yourself being lucky before an important meeting or telephone call.
Have a Lucky day and work for it.
The happiest people in the world are not those who have no problems, but those who learn to live with things that are less than perfect.
Wednesday, July 23, 2008
5:03 pm - KLCI is super bullish today !
Close with 1139.41 up 29.84 pts. The fund mgrs are out buying the counters.
3:41 pm - Big institutions are buying into KLCI today !
Look at Air Asia - big players are buying up on this counters.
11:50 am - IOI corp is building its base @ rm 5.55
Wait for the base to build first before buying. However, palm oil futures prices are falling like rock, in the long run, plantations counter wud get hit.
10:21 am - RACING WITH INFLATION by Ang Kok Heng !
Dear Investors,
For this month's Smart Money, our topic of discussion is 'Racing with Inflation'.
Malaysia inflation soared to 3.8% in May from 3.0% in April compared to prices a year ago. The situation should deteriorate further over the next few months after the 41% fuel prices hike in early June. Suddenly, all the price increases seem to come concurrently and they are the essential items such as our staple food; rice, steel for the construction industry and now petrol for passenger cars and diesel for the transport industry. After the cut in gas subsidy, electricity tariff has just joined in the race in July.
To counter the higher urban inflation and prevent further erosion of the savings there is an urgent need for urban folks to learn how to invest the passive savings so as to achieve higher returns. Keeping too much money in the banks will only lead to diminishing value of money which will value less upon retirement in real term. When coming to investment, average Malaysian will relate that to taking higher risk which may also mean losing more money instead.
It is true that there are risks in most investment. However, the risk can be mitigated by having a thorough understanding of the investment such as how it works and where the profit comes from. Investors need to spend some time to learn more about any investment products be it properties, stock and shares, unit trusts, structured products, dual currency or equity-linked notes. Talking to experienced professionals who understand the investment will help.
To achieve higher return and to race ahead of inflation, city folks may have to work harder to ensure the return of savings is higher than urban-inflation rate. Taking cognisant of that, investment will ensure that our passive money works harder for us. As inflation does not wait for us, the earlier we start to wake up from the laurels and let our passive investments work harder, the earlier we can catch up inflation. The first move is to open our mind to learn more about other investment products.
A thorough understanding of an investment product is needed before we start investing.
Ang Kok Heng ,CFA
Chief Investment Officer
Email: kokhenga@poems.com.my
For this month's Smart Money, our topic of discussion is 'Racing with Inflation'.
Malaysia inflation soared to 3.8% in May from 3.0% in April compared to prices a year ago. The situation should deteriorate further over the next few months after the 41% fuel prices hike in early June. Suddenly, all the price increases seem to come concurrently and they are the essential items such as our staple food; rice, steel for the construction industry and now petrol for passenger cars and diesel for the transport industry. After the cut in gas subsidy, electricity tariff has just joined in the race in July.
To counter the higher urban inflation and prevent further erosion of the savings there is an urgent need for urban folks to learn how to invest the passive savings so as to achieve higher returns. Keeping too much money in the banks will only lead to diminishing value of money which will value less upon retirement in real term. When coming to investment, average Malaysian will relate that to taking higher risk which may also mean losing more money instead.
It is true that there are risks in most investment. However, the risk can be mitigated by having a thorough understanding of the investment such as how it works and where the profit comes from. Investors need to spend some time to learn more about any investment products be it properties, stock and shares, unit trusts, structured products, dual currency or equity-linked notes. Talking to experienced professionals who understand the investment will help.
To achieve higher return and to race ahead of inflation, city folks may have to work harder to ensure the return of savings is higher than urban-inflation rate. Taking cognisant of that, investment will ensure that our passive money works harder for us. As inflation does not wait for us, the earlier we start to wake up from the laurels and let our passive investments work harder, the earlier we can catch up inflation. The first move is to open our mind to learn more about other investment products.
A thorough understanding of an investment product is needed before we start investing.
Ang Kok Heng ,CFA
Chief Investment Officer
Email: kokhenga@poems.com.my
9:59 am - KLCI looks to move up higher on smaller volume !
Be ready for reversal though ! The doji volume is low !
Cash market is likely to congest within 1120-1135
Tuesday, July 22, 2008
2:40 pm - Big players like Lembaga Tabung Haji bought into Ramunia.
It has a 18 L/C few days ago ! A buying opportunity.12:46 pm - Ramunia had a 18 L/C
However, this L/C is not convincing in the bear market.
Anyway, put your stop at rm1.50
9:18 am - PB Bank is testing the support @ rm10.00
If the support @ rm10 holds, this is perhaps a good place to buy !
9:10 am - KLCI is forming a COG with a doji yesterday !
Wud the COG be successfully at the end of the day !
Monday, July 21, 2008
11:57 am - Super speculative counter - Kimble
Super high volume !
This morning is already up 50%. I believe the same ppl playing Tanahmas, Kia Peng, etc.
10:10 am - Market Outlook from Bill Wermine.
Dear Traders,
Today (last Sat) we held an interesting Traders Club meeting. Pong who heads JupiterSecurities Research gave an objective market outlook forecasting the KLSE tobottom in the current area give or take 50 points.
Today (last Sat) we held an interesting Traders Club meeting. Pong who heads JupiterSecurities Research gave an objective market outlook forecasting the KLSE tobottom in the current area give or take 50 points.
His point was that theKLSE has reached an oversold extreme, foreign funds have sold most of theirholdings, PEs for the KLSE Index are at historical lows and investmentfunds hold large cash positions. Catalists could be a recovery in the Dow,drop in crude oil prices or stability in local politics or an officialannoucement that the US is in recession.
Due to the low turnout -only about 25 members attended- my traders clubindicator says we are close to a bottom. Whe we get 80 or 100 membersattending it is close to a top. Also when I asked who were bullish only 1member raised his hand. Bearish- almost everyone.
This was the lowestturnout in 3 or 4 years .
I spoke about the inflation threat we are facing and alternative investmentsto protect our selves. Man is your best inflation protection bet at thepresent and the Man Essential fund will close on 31 July.
If interestedgive me or Martin a call. Next Man fund may launch in 3 months and there isno certainty they will offer the 4 % sales charge rebate as offered in thecurrent launch Also for those concerned that the Aussie will collapse versus the US dollar,60 % of the Man assets for Man Essential fund are in AUD Bonds.
These bondswill rise in value should Australia drop interest rates and that should givesome protection against the exchange rate risk. These bonds make up yourcapital guarantee.I was unawair of this and Andy explained it to a Maninvestor who was concerned about this currency risk.
Ms. Goh Li Ling, Martin's assistant, and professional futures trader gave apresentation on Point and Figure charting and how it is an effective shortterm trading method as it clearly identifies short term support andresistance. She is making steady and consistent money with this method butthis is due to her solid discipline and risk management strategy as well aspoint and figure. If any of you are interested in this method on Point and Figure chartingshe will share with members of our group a classic reference work by afamous trader.
Give her a or Martin a call at her office in CIMB 2084 9999 ext 3532.
Have a good week and remember to keep your nerve in the face of marketpanic.
Bill
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